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Tell HN: Razorpay a YC company is supporting fraudulent merchants

29 pointsby sarathywebover 2 years ago
Razorpay is an Indian payment gateway. Few weeks back I had purchased two pairs of bookshelf speakers from website. The merchant kept delaying the order and declined to refund the money.<p>I contacted Razorpay support and raised a dispute.<p>Today I got the following email from them<p>Hi XXX,<p>Thank you for your understanding.<p>We understand the inconvenience casued.<p>We request you to kindly get in touch with cyber crime division, as we mentioned in the previous emails that we can&#x27;t initiate refund from our end because the merchant doesn&#x27;t have sufficient balance in his account to initiate refund for your transactions.<p>Thank you for your understanding.<p>Regards, Team Razorpay

8 comments

HatchedLake721over 2 years ago
That’s a bit of a stretch.<p>A merchant without money doesn’t necessarily mean they’re fraudulent.<p>And even if they are, this definitely doesn’t mean Razorpay supports fraudulent merchants.<p>There’s fraud everywhere, especially in finance, with rules and policies to combat that. But they’re never 100% foolproof.
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TekMolover 2 years ago
I don&#x27;t think payment gateways should be the judges in payment disputes.<p>What the web needs is a reputation system. So the dispute ratio of a merchant is visible to everyone.
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saddist0over 2 years ago
It looks more like a &quot;VPLAK&quot; issue not &quot;Razorpay&quot; issue.<p>Just a simple Google search shows that they have bad reviews. Fill the consumer court complaint against VPLAK and hope for the best.
luckylionover 2 years ago
HN needs a &quot;I want support and am not happy with what I receive, please be my personal army and bully the company into doing what I want&quot; spinoff.
neximo64over 2 years ago
This is kind of the problem with using irrevocable 3DSecure&#x2F;UPI payment. If you had a plain debit&#x2F;credit card you could call your bank and have them mark it as fraud. Asking Razorpay about it is pretty strange as just the payments provider
thunkshift1over 2 years ago
They did their part by facilitating the transaction.. why they should be held responsible for the delivery of the goods by some merchant??
wizardofmysoreover 2 years ago
Why is the payment gateway the judge here? File a complaint in consumer court.
villgaxover 2 years ago
Wow so much for KYC &amp; bank account docs that they ask from every onboarded merchant